Question 20 6 pts Daniel owns a summer cabin in the mountains that he only uses for vacations. Since he is expecting to visit the cabin shortly, Daniel writes to Paul, a friend who owns a nearby cabin and lives there full time. Daniel’s letter, in part, states, “l want the exterior of my cabin painted and will pay $500. You can accept this offer only by signing this letter and returning it to me so that | receive it within ten days.” Paul signs the letter and deposits it in the mail in a properly addressed and stamped envelope. He then paints the house. The post office loses the letter when a mail truck is destroyed in a collision. The next day, Daniel calls Paul and tells Paul that the offer is “revoked.” Which of the following is Daniel’s best argument in maintaining that a contract has not been formed? (O Lost acceptances are never effective. (O Paul’s acceptance was not effective because it was never received by Daniel. (O The risk of a lost acceptance is always placed on the offeree. (O Paul did not rely on Daniel’s offer.
